USD/CHF – 30M – BUYThe pair US Dollar/Swiss Franc (USD/CHF) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 0.89574 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.88512 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 0.89251388 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.89574 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.89574 |
| Current Price | 0.89122 |
| Next Low | 0.88512 |
| 2nd Low | 0.88246 |
| 3rd Low | 0.88207 |